Safety: The missing investment for sustainable growth and national development

8 Oct 2025

By Olatunde Akinade

The devastating impact of poor safety management in Nigeria and across many developing nations has once again been brought into focus. From collapsed buildings and market infernos to pipeline explosions and workplace fatalities, the consequences of neglecting safety continue to claim lives, destroy infrastructure, and weaken our economy.

According to Olatunde Akinade, a QHSE professional and industry voice on workplace and public safety, “Safety is not expensive neglect is.”

The true meaning of safety

Safety is more than hard hats, fire-resistant clothing, or warning signs. It is a structured system designed to protect people, processes, equipment, and the environment. For any organization—be it government, private industry, or public sector—safety translates into:

The high cost of neglect

Nigeria has witnessed numerous tragedies that could have been prevented through proactive safety management. Fire outbreaks have destroyed entire markets due to non-functional hydrants and absent extinguishers. Building collapses have been traced to weak regulatory enforcement and poor construction oversight. Each incident carries a high price billions of naira in losses, unemployment, broken families, and irreplaceable lives cut short. 

Nigeria has witnessed countless tragedies that point directly to poor or neglected safety management. Beyond the immediate damage, these incidents bring about economic, social, and emotional costs that linger for years.e.g

1. Fire outbreaks in markets

This highlights how neglecting basic fire prevention systems such as hydrants, extinguishers, and market fire plans can devastate local economies.

2. Building collapses

Similar collapses in Lagos, Abuja, and Port Harcourt show a recurring trend of cutting corners and regulatory failures.

3. Industrial explosions & fuel depot fires

In Lagos alone, the Lagos State Fire Service reported 119 fire incidents in December 2022, many caused by neglect of basic safety measures.

4. Workplace safety failures

Summing up the cost

Bottom Line: The cost of neglecting safety is far greater than the cost of proactive safety investment. Fire hydrants, routine building inspections, workplace safety drills, and regulatory enforcement are cheaper than rebuilding cities and burying loved ones.

“Every disaster we fail to prevent is a tragedy we chose to allow,” Akinade emphasizes.

The way forward: Safety as a national investment

To reverse this trend, both government and private sector players must urgently treat safety as an investment, not a liability. Key strategies include:

Leadership is the backbone

Safety culture begins at the top. Without active commitment from leadership, policies remain paper statements. Leaders must approve safety budgets, attend safety briefings, and hold all stakeholders accountable.

Conclusion

Safety is not a cost it is a factor of production and a foundation for sustainable development. Neglecting it leads to avoidable tragedies, economic losses, and broken trust. Prioritizing it ensures growth, stability, and national dignity.

As Olatunde Akinade concludes:
“If you think safety is expensive, try neglect. The price is always heavier.”